What coverages do you guys have?
6th Gear
Joined: Jan 2012
Posts: 10
Likes: 0
From: Ohio
Hello all,
I'm a new rider and am not quite sure if I'm getting the appropriate coverage-levels for my (new) 2012 Forty-Eight. As I said, I am new to riding and am taking the Rider's Edge course, beginning this Thursday. I went through Progressive, with an agent my family has used for years. But, I have heard that the coverage I have, may be on the high-end... possibly unnecessarily high. Let me know what you think, all advice is appreciated! I should also say that I unfortunately do not know much about the insurance business, all I do know, is that I want my bike, itself, fully covered... as it is brand-new.
Coverage & Premium Information
2012 H-D
BODILY INJURY & PROPERTY DAMAGE LIABILITY $75.00
BI $100,000 EACH PERSON - $300,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $50,000 EACH ACCIDENT
MEDICAL PAYMENTS $5,000 EACH PERSON $90.00
COMPREHENSIVE $250 DEDUCTIBLE $47.00
INCLUDES DISAPPEARING DEDUCTIBLE
COLLISION $500 DEDUCTIBLE $158.00
INCLUDES DISAPPEARING DEDUCTIBLE
ACCESSORY COVERAGE $3,000 INCL
ROADSIDE ASSISTANCE $10.00
Premium by Vehicle $380.00
Policy Level Coverage
Uninsured/Underinsured Motorist Bi $149.00
$100,000 Each Person - $300,000 Each Accident
Total Policy Premium $529.00
I'm a new rider and am not quite sure if I'm getting the appropriate coverage-levels for my (new) 2012 Forty-Eight. As I said, I am new to riding and am taking the Rider's Edge course, beginning this Thursday. I went through Progressive, with an agent my family has used for years. But, I have heard that the coverage I have, may be on the high-end... possibly unnecessarily high. Let me know what you think, all advice is appreciated! I should also say that I unfortunately do not know much about the insurance business, all I do know, is that I want my bike, itself, fully covered... as it is brand-new.
Coverage & Premium Information
2012 H-D
BODILY INJURY & PROPERTY DAMAGE LIABILITY $75.00
BI $100,000 EACH PERSON - $300,000 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $50,000 EACH ACCIDENT
MEDICAL PAYMENTS $5,000 EACH PERSON $90.00
COMPREHENSIVE $250 DEDUCTIBLE $47.00
INCLUDES DISAPPEARING DEDUCTIBLE
COLLISION $500 DEDUCTIBLE $158.00
INCLUDES DISAPPEARING DEDUCTIBLE
ACCESSORY COVERAGE $3,000 INCL
ROADSIDE ASSISTANCE $10.00
Premium by Vehicle $380.00
Policy Level Coverage
Uninsured/Underinsured Motorist Bi $149.00
$100,000 Each Person - $300,000 Each Accident
Total Policy Premium $529.00
Last edited by shawbm87; Mar 4, 2012 at 01:52 PM.
Road Captain
Joined: Dec 2007
Posts: 626
Likes: 79
I live in Mass and have not had a ticket or accident in over 15 years. I have multiple vehicles insured. I live in a city with a high rate.
2000 FLTRSEI
250/500,000 un and underinsured
fire and theft/no collision
1000 deductible
About $1000 a year
2000 FLTRSEI
250/500,000 un and underinsured
fire and theft/no collision
1000 deductible
About $1000 a year
Advanced
Joined: Dec 2008
Posts: 94
Likes: 0
From: Central Massachusetts
I have a PUP or personal umbrella policy on top of 100/300 on my bike.Yet to hear anyone mention this but it's pretty easy to get sued these days.Say you are in an accident and someone dies?Do you think $100,000 is going to cover a settlement?
The policy covers me,my home,bike,car,truck etc..for 1 million above and beyond my auto policies.Cost me around $300 a year.
The policy covers me,my home,bike,car,truck etc..for 1 million above and beyond my auto policies.Cost me around $300 a year.
Elite HDF Member
Joined: Apr 2009
Posts: 3,780
Likes: 69
From: Al Bu Ker Key, New Mexico
Just like in real estate its all about location, location, location. WHERE you live determines more about your premiums than anything else except your driving record.
I live in a state that has a very high level of UNINSURED drivers with NO DRIVER's licenses. Every day I hear about someone arrested for DUI for the umpteenth time.
Comparing premiums is a ridiculous exercise. The insurance carriers determine the risk level in an area and then determine the rates. Some dont even want to play here. Progressive quoted me $4200 a year on a (then) new 2010 StreetGlide and my 1999 FXR2. I told the agent he was on crack and he responded Progressive did not want to play in my sandbox. I am now paying about $850 a year with GEICO. I am 62 with a spotless driving record with NO ACCIDENTS in my driving career. Thats with minimum coverages.
I live in a state that has a very high level of UNINSURED drivers with NO DRIVER's licenses. Every day I hear about someone arrested for DUI for the umpteenth time.
Comparing premiums is a ridiculous exercise. The insurance carriers determine the risk level in an area and then determine the rates. Some dont even want to play here. Progressive quoted me $4200 a year on a (then) new 2010 StreetGlide and my 1999 FXR2. I told the agent he was on crack and he responded Progressive did not want to play in my sandbox. I am now paying about $850 a year with GEICO. I am 62 with a spotless driving record with NO ACCIDENTS in my driving career. Thats with minimum coverages.
Novice
Joined: Apr 2011
Posts: 23
Likes: 0
From: NH
I just went through getting insurance on my 2012 SG. I called Allstate and they were $600 for the year. I then called Foremost who I have had on bikes in the pass and they were $328 a year. I had them go middle of the road with a $500 ded. Think 50/100 and got uninsured too.
From what I have seen Foremost has always been the least expensive for me anyway
From what I have seen Foremost has always been the least expensive for me anyway
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Cruiser
Joined: Jan 2012
Posts: 166
Likes: 2
From: Pa
I went to Rider Insurance this year after Nationwide was raising my rate $61 for no reason that could find. Rider is a specialty company that only writes motorcycle ins. Problem is they only write policies in about seven states. If you have a good driving record, there rates are excellent. You can check online to see if they cover your state.
today I got quotes for a bike im buying at the end of this month...
2012 Street Glide 103ci ABS Security Cruise 21/18 wheels...
100/300/100 for a 40 yr old own a home, and cars with same coverage
geiko 525 yr
progressive was 789 yr
allstate was 910 yr
dairyland was 689 yr
I have never had a dui and no accidents or tixs in over 8 yrs. credit is great... I was blown away by this... my 96 road king was under 200 a yr...
Ps Florida blows in many ways... insurance is the top of the list
2012 Street Glide 103ci ABS Security Cruise 21/18 wheels...
100/300/100 for a 40 yr old own a home, and cars with same coverage
geiko 525 yr
progressive was 789 yr
allstate was 910 yr
dairyland was 689 yr
I have never had a dui and no accidents or tixs in over 8 yrs. credit is great... I was blown away by this... my 96 road king was under 200 a yr...
Ps Florida blows in many ways... insurance is the top of the list